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STOCKS - SEOUL STOCKS FALL IN MORNING TRADE - AUG 1, 2006.

AsiaPulse News

| August 01, 2006 | COPYRIGHT 2006 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SEOUL, Aug 1 Asia Pulse - South Korean stocks lost ground slightly Tuesday morning after undergoing a bumpy session as investors took profits from bank shares such as top lender Kookmin Bank.

The bellwether Korea Composite Stock Price Index (KOSPI) slid 0.34 point, or 0.03 per cent, to 1,297.48 as of 11:20 a.m. The blue-chip KRX 100 index slipped 5.98 points, or 0.22 per cent to 2,702.75, and the tech-heavy KOSDAQ index was down 5.47 points, or 0.98 per cent, to 552.19.

"Bank shares led losses in the local market as investors locked in recent profits. However, gains in Samsung Electronics and Hyundai Motor limited the decline," said Kim Yong-gak, an analyst at Hyundai Securities Co.

Tech bellwethers such as Samsung Electronics and Hynix Semiconductor gained ground on forecasts for their robust earnings in the second half.

Leading car maker Hyundai Motor rose over 1 per cent ...

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